The United Kingdom’s antitrust watchdog has blocked Facebook’s acquisition of Giphy and ordered the social network to sell off the GIF-sharing platform, saying the deal hurts social media users and advertisers by stifling competition for animated images. The Competition and Markets Authority said Tuesday that the deal would let Facebook, which has been renamed Meta, “increase its already significant market power” by denying or limiting other platforms’ access to Giphy GIFs and driving traffic to Facebook-owned sites. It’s reportedly the first time the watchdog has sought to unwind a tech deal.
Festival
Good Friday
Every year on the Friday before Easter, Good Friday is observed and this year it falls on April 2, 2021. Easter is observed on the first Sunday after the Paschal Full Moon which falls on […]
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Constitution of the USA
Constitution of the United States of America, the fundamental law of the U.S. federal system of government and a landmark document of the Western world. The oldest written national constitution in use, the Constitution defines […]
World
UK Chancellor Rishi Sunak admits attending Downing Street lockdown party
London (TIP): UK’s Indian-origin Chancellor Rishi Sunak has admitted to attending Prime Minister Boris Johnson’s lockdown birthday party in 2020 but refused to say what happened when he entered the room and claimed that he […]
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